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Wednesday, April 25, 2007 |
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Increase blamed on greater use of expensive fuel |
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Consumer power bills
to go up next month |
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By Euan Paulo C. Añonuevo,
Reporter
FILIPINOS should brace for higher
bills next month, as demand for electricity is expected to peak in
May, and extreme heat is forcing the use of power plants running on
more expensive fuel, according to the operator of the country’s
energy spot market.
In a briefing, Mario Pangilinan,
vice-president for operations of the Philippine Electricity Market
Corp. (PEMC), said the peak demand registered in April at around
6,600 megawatts, or 200 megawatts more than earlier forecast, will
“be surpassed in the coming month because May is the historical
annual peak for the Luzon grid.”
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Public sector
posts revenue surplus for first time in ten years
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THE Philippine public sector
posted a surplus for the first time in more than 10 years, as
revenues outstripped expenditures last year.
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Story>>
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China to fund RP
broadband project
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MANILA and Beijing have signed a
multimillion-dollar loan agreement meant to bankroll the
Philippines’ national broadband project, the Department of
Transportations and Communication (DOTC) said.
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Story>>
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Napocor’s plan
to cut foreign debt thwarted
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THE policymaking body of the
Bangko Sentral ng Pilipinas has deferred action on a proposal to
further reduce the foreign debt of state-owned National Power Corp.
(Napocor).
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Full
Story>>
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McKinley Hill
secures tax perks
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THE latest office space
development of Megaworld Corp. has secured tax perks, after the
Philippine Economic Zone Authority (PEZA) declared it an information
technology (IT) park.
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Chemrez to supply
alternative fuel
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CHEMREZ Technologies Inc. plans
to supply about two-thirds of the coco-methyl ester (CME) needs of
oil companies operating in the Philippines when the Biofuels Law
takes effect next month...
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VIEWS FROM A BRIT
By Mike Wootton
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Good neighbors . .
.?
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Doesn’t it seem odd that
Australia has pledged US$41 million in development assistance to an
environmental and health program in China, a few months after China
has itself pledged US$5 billion in development aid to Africa.
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Story>>
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